Lots of weather, but no good grain price news. Grain commentator Marlin Clark notes that while the recent clear weather allowed Ohio farmers to get corn and soybeans in the ground, grain prices are still low. — May 26, 2015
On an average 4 kilograms of feed yields only 1 kilogram of meat. Converting land produce to meat is an expensive business, the direct effect of which is a steep rise in grain prices which hits the poor most.
Oppressive heat and a worsening drought in the Midwest pushed grain prices near or past records on Wednesday as crops wilted, cities baked and concerns grew about food and fuel price inflation in the world’s top food exporter.(Reuters)(AP)